30-10-2014 22:52:00 | by: Administrator | hits: 19771447 | Tags:

Svitzer strengthens operations in Africa with new contract wins
03-06-2020 | 14:32:51
Recently, Svitzer took an important step towards strengthening its presence in Africa by signing a five-year contract with Nacala Logistics in Mozambique for harbour towage, occasional pilot transfer and potential salvage work in the port of Nacala.
Malawi, Zambia records drop in trade flows, report
02-06-2020 | 07:54:00
Malawi and Zambia recorded reduced trade flows in March and April according to the latest report from the COMESA Statistics on COVID 19 Impacts on Trade.
Rand Merchant Bank confirms $15bn funding for LNG project in Mozambique
01-06-2020 | 07:21:00
The Rand Merchant Bank (RMB) confirmed that a liquefied natural gas (LNG) project in Mozambique is expected to receive $15 billion (R267bn) of financing commitments at a signing scheduled for June 2020.
MainOne partners with government, World Bank to deliver connectivity services into Burkina Faso
29-05-2020 | 07:21:00
Main One has been entrusted by the State of Burkina Faso, backed by the World Bank, to provide bulk connectivity services to a consortium of operators.
South Africa’s Mama Money expands global reach with Western Union
29-05-2020 | 07:19:04
Western Union and South Africa's Mama Money have joined forces to enable Mama Money customers to send money to their loved ones around the world via Western Union’s Global Network.
Covid-19 causes biggest fall in global energy investment in history, report
28-05-2020 | 12:06:00
The Covid-19 pandemic has set in motion the largest drop in global energy investment in history, with spending expected to plunge in every major sector this year from fossil fuels to renewables and efficiency, the IEA said in a new report.
InspiraFarms closes Series B investment round to expand operations in East and Southern Africa
28-05-2020 | 07:41:00
InspiraFarms, an on- and off-grid cold storage solutions provider in East and Southern Africa, has closed a Series B to further expand its operations in the region.
African Natural Resources Centre unveils publication to advance critical land policy reforms
28-05-2020 | 07:36:18
In response to challenges across Africa around land ownership and use, the African Natural Resources Centre (ANRC) of the African Development Bank is launching a series of articles to aid policy debate.
Nespresso invests in Uganda coffee under the Reviving Origins programme
28-05-2020 | 07:34:00
Nespresso, an operating unit of the Nestlé Group, has introduced AMAHA awe UGANDA, ‘Hope of Uganda’, a new and seasonal coffee from the Rwenzori Mountains of Uganda.
CNN partners with UNWTO on Travel Tomorrow campaign
27-05-2020 | 09:00:00
CNN International has teamed up with the United Nations World Tourism Organization, UNWTO, on a campaign that aims to drive imagination for future trips.
EU Horizon 2020 invests €6.7 million to tackle food and water insecurity in Horn of Africa
27-05-2020 | 07:02:00
An international team of researchers and organizations has been awarded over €6.7 million from EU Horizon 2020 to help tackle food and water insecurity in the Horn of Africa Drylands.
Africa Regional Integration Index underlines integration as key to building more resilient economies
27-05-2020 | 06:58:00
The 2019 Index, which builds on the first edition published in 2016, provides up-to-date data on the status and progress of regional integration in Africa.
[Interview] James Hunt, Vice President, Creative & Marketing Lead, CNN International Commercial
26-05-2020 | 14:00:00
CNN International Commercial Vice President and Marketing Lead James Hunt discusses strategies the company has put in place while working with brands to remobilize as they adapt to the new world order.
Africa Regional Integration Index calls on continent to build more resilient economies through integration
26-05-2020 | 10:08:00
The second Africa Regional Integration Index (ARII 2019) was launched by the Economic Commission for Africa (ECA), the AfDB and the African Union Commission, with a call to action to African economies to deepen their integration.
Global Finance names Ecobank most innovative bank in Africa
26-05-2020 | 08:16:00
Global Finance has named Ecobank as the most innovative bank in Africa.
Travel Africa Network selects Eutelsat to launch first HD African travel channel
26-05-2020 | 08:14:00
Eutelsat Communications’ HOTBIRD video hotspot has been selected by Travel Africa Network for the broadcast of its first High Definition African travel channel.
Centurion Plus launches a full-suite Tax and Investment Service for Africa
26-05-2020 | 08:11:00
Centurion Plus has launched its full-suite Africa Tax and Investment Service, to be powered by its fully integrated resource base of country-qualified and internationally mobile professionals.
Bango expands into Africa, Asia and Latin America
25-05-2020 | 09:30:00
Bango has successfully launched carrier billing routes in the Google Play store for new operators in Asia, Latin America and Africa.
Private creditors establish the Africa Private Creditor Working Group
25-05-2020 | 09:25:00
The Africa Private Creditor Working Group is an initiative to represent the views of international private creditors invested in Africa and to work with countries on their financing needs during the COVID-19 crisis.
Vertis adds first multi-mission Embraer ERJ145 to Equatorial Guinea
25-05-2020 | 09:20:00
Switzerland-headquartered Vertis Aviation has added an Embraer ERJ145 to its Vertis Charter Management Programme, VCMP.
[Tanzania] AgDevCo invests in low-cost grain storage solution company
22-05-2020 | 10:34:00
AgDevCo has announced a long-term debt investment into Pee Pee Tanzania Limited (PPTL), a regional leader in the production of grain storage bags.
Vodacom Group creates Vodacom South Africa as standalone business
22-05-2020 | 10:31:00
Vodacom Group has simplified its structure following the recent expansion of its African portfolio and accelerated growth ambitions on the continent, including financial and digital services.
[Kenya] Apollo Agriculture raises $6 million in Series A financing
22-05-2020 | 07:29:00
Kenya’s agritech and financial services startup Apollo Agriculture has raised $6 million in Series A financing to bolster its resolve to empower small-scale farmers to maximize their profits.
[Nigeria] Tomato Jos secures €3.9 million financing to bolster growth
22-05-2020 | 06:58:01
Tomato Jos, an agro-processing company focused on the local production of high-quality tomato paste for the African market, has completed a €3.9 million Series A round.
South African fintech startup Ukheshe selected to join Mastercard Start Path
22-05-2020 | 06:50:09
Focused on financial inclusion, Ukheshe’s technology platform helps banks and telcos provide affordable digital banking and payment services
Team Europe bolsters food security in Kenya and neighbouring nations
21-05-2020 | 12:55:00
Team Europe - the EU, Germany, the Netherlands, Belgium, France, Sweden and Denmark are bolstering food security in Kenya and the region with over Ksh 16 billion (EUR 140 million) at a time of crisis due to COVID-19.
True Tesla Technologies Mauritius partners with CEB for world’s first cascading hydro power plant pilot project
21-05-2020 | 06:54:22
True Tesla Technologies in Mauritius has entered into a connection agreement with CEB, for the installation of an innovative Tesla Cascading Hydro Power Plant.
DHL launches one-stop customer portal for digital logistics
20-05-2020 | 13:24:00
DHL Global Forwarding, Deutsche Post DHL Group’s air and ocean freight specialist, has launched myDHLi, the only fully integrated online platform for freight forwarding customers.
Pespico appoints Tertius Carstens CEO of Sub Saharan Africa region
20-05-2020 | 13:21:00
Global food and beverage company, PepsiCo headquartered in New York has appointed Pioneer Foods boss Tertius Carstens as its sub-Saharan Africa chief executive to assume the position immediately.
Olam achieves FSC certification for its natural forest concessions in Congo
20-05-2020 | 13:16:00
Global food and agri-business Olam International has achieved Forest Stewardship Council (FSC) certification for its Mimbeli-Ibenga forestry concession.
Workonline Communications inks content partnership deal with France-IX
20-05-2020 | 06:45:00
Workonline Communications, a provider of wholesale IP transit and connectivity services is extending its reach to France-IX, one of Europe’s leading Internet Exchanges (IXs).
Andersen Global expands to Madagascar
20-05-2020 | 06:42:00
Andersen Global has expanded its presence in Eastern Africa through a Collaboration Agreement with Madagascar-based tax and legal firm HK Jurifisc.
Horn of Africa borderland communities can achieve economic prosperity, World Bank
20-05-2020 | 06:27:55
Borderlands across the Horn of Africa are isolated, poor, and insecure, yet they hold real economic potential driven by a wealth of natural resources and some of the world’s most rapidly growing economies.
Hunger could double in East Africa and the Horn in months as coronavirus spreads, WFP
19-05-2020 | 14:23:18
The dire socio-economic consequences of the COVID-19 pandemic may more than double the number of hungry people in East Africa and the Horn over the next three months, a report from the United Nations World Food Programme (WFP) has found.
Industry downturn in Angola presents opportunities for local content and marginal players
19-05-2020 | 14:22:49
With an economic recession expected at -1.4 per cent by IMF this year, Angola is expected to be less hit than its immediate neighbours or than the rest of African oil-producing countries.
Innovate Now Accelerator Programme seeks African mobile solutions to assist persons with disabilities
19-05-2020 | 14:16:48
Innovate Now, is seeking applications from innovators across the African continent who are dedicated to developing mobile based technologies designed to assist people living with disabilities.
OPEC Fund increases support for trade and development in Africa
19-05-2020 | 13:37:34
The OPEC Fund for International Development has increased its trade finance program from $50 to $100 million to enable international financial services firm Natixis to enhance support for trade and development in Africa.
Plans underway to assess the impact of data collection on Consumer Price Indices, COMESA
19-05-2020 | 09:24:00
The COMESA Secretariat has embarked on the assessment of the impact of the outbreak of COVID-19 on the Consumer Price Index (CPI) data collection.
Africa Oil & Power joins Equal by 30 campaign for gender equality in clean energy sector
19-05-2020 | 06:32:00
Africa Oil & Power (AOP) has pledged its commitment to the ‘Equal by 30’ campaign to advance the participation of women in the clean energy transition.
Mastercard to connect one billion people, 50 million small businesses, 25 million women entrepreneurs to the digital economy by 2025
18-05-2020 | 14:12:38
Mastercard has expanded its worldwide commitment to financial inclusion, pledging to bring a total of 1 billion people and 50 million micro and small businesses into the digital economy by 2025.
Multiple crises threaten to reverse Africa’s good crop harvests, AGRA report
18-05-2020 | 14:04:00
Invasion of desert locusts, civil conflicts in parts of the West African region, and the global outbreak of COVID-19 pause a huge threat to Africa’s 2020 food security.
Afreximbank bucks COVID-19 on Course to raise over $1 billion in syndicated loan
18-05-2020 | 07:38:00
The African Export-Import Bank (Afreximbank) vaulted market uncertainties caused by COVID-19 pandemic to successfully conclude a dual-currency Syndicated Loan, raising the equivalent of US$907.5 million.
[South Africa] Heroes On Bike providing bicycles for essential worker during COVID-19
18-05-2020 | 07:36:00
Khaltsha Cycles and Avalanche Bicycle Company have come together to launch the Heroes on Bikes campaign to raise funds towards supporting essential workers.
DHL boosts its leadership team in Central and Southern Africa
18-05-2020 | 07:32:00
To further solidify its market-leading position, DHL Global Forwarding has made some key appointments to its leadership teams in Central and Southern Africa.
Digital Afrique Telecom launches smart delivery app to simplify businesses order and delivery process
18-05-2020 | 07:29:59
Digital Afrique Telecom (DAT) has announced the successful launch of a Smart delivery app to enable businesses to simplify their order and delivery process.
COMESA approves harmonized regional trade facilitation guidelines
15-05-2020 | 12:20:00
COMESA convened a virtual meeting to approve a harmonized set of regional guidelines developed to facilitate movement of goods and services across the region during the COVID-19 pandemic.
COVID-19 poses formidable threat for fragile states in Middle East, North Africa, IMF
15-05-2020 | 09:39:00
COVID-19 will trigger a sharp drop in household incomes in Middle East and North African (MENA) countries that are fragile and in conflict situations, such as Afghanistan, Djibouti, Iraq, Lebanon, Sudan, and Somalia.
EXIM approves amended financing of U.S. exports to Mozambique LNG project, support more U.S. jobs in additional states
15-05-2020 | 08:40:00
The BOD of the EXIM unanimously voted to amend the agency’s previously approved September 2019 direct loan supporting U.S. exports for the development and construction of an integrated LNG project in Mozambique.
Shell invests in new Nigeria LNG processing unit
15-05-2020 | 07:15:00
Shell Gas B.V., a subsidiary of Royal Dutch Shell plc, has announced that all conditions for its Final Investment Decision (FID) on a new LNG processing unit at Nigeria LNG have now been met.
Finnfund invests $15 million to strengthen Africa’s agricultural supply chain
15-05-2020 | 07:13:00
Finnfund has extended a syndicated loan to ETG Group that has developed into a global player with a diverse portfolio of expertise across multiple industries, encompassing agricultural inputs.
[Burkina Faso] Onatel picks Radwin Jet Duo base station to meet broadband demands
15-05-2020 | 07:06:00
RADWIN has announced that Onatel - a service provider in Burkina Faso – has chosen RADWIN's JET DUO base station which supports both the 5.xGHz and 3.5GHz bands in a single enclosure.
[Column] Kirtan Sita: Laying the groundwork now for future business recovery
14-05-2020 | 15:17:42
The rapid global spread of COVID-19 has forced business, education, and social activities to be conducted virtually.
[Nigeria] CBIIL deploys digital tools to connect farmers to agriculture value chain
14-05-2020 | 15:12:00
CBi Innovations Limited (CBiIL) has chosen the SAP Rural Sourcing Management solution to support 850 000 small maize producers and integrate them into the agricultural value chains.
COVID-19 triggers marked decline in global trade, study
14-05-2020 | 13:33:00
The coronavirus pandemic cut global trade values by 3% in the first quarter of this year, according to the latest UNCTAD data published in a joint report by 36 international organizations.
[Kenya] Moody's downgrades KCB, Equity and Cooperative banks ratings to negative
14-05-2020 | 13:07:00
Moody's Investors Service, has changed the outlook of KCB Bank Kenya Limited, Equity Bank and Co-operative Bank of Kenya Limited long-term deposit ratings to negative from stable.
New gas master plan to boost Africa’s first offshore gas mega hub in the Gulf of Guinea
14-05-2020 | 13:03:35
Equatorial Guinea continues to lead the development of natural gas production and monetization in the Gulf of Guinea, with the award of a new contract for a new Gas Master Plan.
COVID-19 to slash global economic output by $8.5 trillion over next two years, WESP
14-05-2020 | 09:35:00
Against the backdrop of a devastating pandemic, the global economy is projected to contract sharply by 3.2 per cent this year, according to the United Nations World Economic Situation and Prospects (WESP) mid-2020 report.
Tough future for women small-scale and informal cross-border traders
14-05-2020 | 06:58:00
As the economic effects of the coronavirus pandemic continue to unfold, it becomes clear that some will be hit harder than others.
Andersen Global enters Mauritania market
14-05-2020 | 06:55:06
Andersen Global has partnered with Mauritania-based legal firm Chinguity Law to grow its West African footprint.
Brazilian Information Security Specialist Kryptus expands to EMEA region
14-05-2020 | 06:50:47
Brazilian Kryptus, specialized in cryptography and information security, has announced the expansion of its international activities in Europe, Middle East and Africa.
World Bank Kenya Country Director Carlos Felipe appointed Bank’s Latin America and the Caribbean VP
14-05-2020 | 06:45:00
Carlos Felipe Jaramillo, an economist and development expert with almost two decades of experience at the World Bank Group, has been appointed Vice President for the Latin America and the Caribbean Region.
Egypt’s growth to slow sharply in 2020 due to COVID-19, EBRD
13-05-2020 | 08:51:00
Egypt’s economy will slow sharply this year because of the impact of the coronavirus, but will avoid a recession, according to the latest forecast by the EBRD.
Morocco’s GDP to shrink by 2% cent in 2020, EBRD
13-05-2020 | 08:40:00
Morocco’s economy will decline by 2 per cent in 2020 because of the economic impact of the coronavirus pandemic, but a 4 per cent rebound is expected in 2021, according to the latest forecast by the EBRD.
Cadbury Nigeria extends partnership with Mondelez International
13-05-2020 | 07:13:00
Cadbury Nigeria’s board of directors has voted to extend collaboration with extended partnership with confectioneries and beverages multinational, Mondelez International, for one year.
Norway commits $3 million to Sub Saharan Africa’s Covid-19 fight
13-05-2020 | 07:04:17
Norway has pledged to do more to assist these countries strengthen their health systems and assist vulnerable people,’ said Minister of International Development Dag-Inge Ulstein.
Cargill continues efforts to protect children in direct cocoa supply chains worldwide
12-05-2020 | 13:45:00
As part of ongoing efforts to combat child labor in the cocoa sector, Cargill is leveraging existing partnerships to extend the reach of its child labor monitoring and remediation mechanisms.
Trade expert says AfCFTA could help Africa bounce back from Covid-19 impacts
12-05-2020 | 13:42:00
The director of regional integration and trade at ECA, Stephen Karingi, says 2020 that the African Continental Free Trade Area (AfCFTA) could help African economies recover from the impact of COVID-19.
How COVID-19 is impacting international payments
12-05-2020 | 07:41:00
As governments across the globe impose movement restrictions to prevent the spread of COVID-19, data from WorldRemit shows this is changing the way people send and receive money abroad.
Cigna Corporation appoints Jerome Droesch CEO for MEA region
12-05-2020 | 07:36:00
Cigna Corporation, a global health services company, has appointed Jerome Droesch as Chief Executive Officer for the Middle East and Africa (MEA) region.
Russia’s Rosgeo readies for geological mapping in Equatorial Guinea
12-05-2020 | 07:32:00
Rosgeo and the Ministry of Mines and Hydrocarbons of Equatorial Guinea have signed contracts for the initial phase of seismic acquisition in transit zone and state geological mapping in the Rio Muni area.
[Egypt] QNB ALAHLI receives EBRD Solidarity Package
12-05-2020 | 06:10:55
The European Bank for Reconstruction and Development (EBRD) is rolling out a programme in response to the economic impact of the coronavirus pandemic in Egypt, with a financial package for QNB ALAHLI.
COMESA Agency strikes-off 12 anti-competition trade agreements
11-05-2020 | 11:32:00
More than twelve trade agreements which have been operational in the Common Market for several years have been banned by the COMESA Competition Commission (CCC) for being anti-competition.
Angola eyes former coffee glory for more sustainable growth
11-05-2020 | 07:14:00
Angola produced 8,000 tons of coffee in 2017 – a fraction of the more than 230,000 tons it produced annually in the early 1970s when it jockeyed with Côte d’Ivoire and Uganda for the title of Africa’s top exporter.
ECA proposes COVID-19 exit strategies to bring African economies back on track
11-05-2020 | 07:12:00
The Economic Commission for Africa (ECA) has released a new report proposing to African nations various coronavirus disease (COVID-19) exit strategies.
AfDB welcomes $10 million Clean Technology Fund investment to diversify Ethiopia’s energy mix
11-05-2020 | 07:07:00
AfDB has welcomed a decision by CTF to extend a $10 million concessional senior loan for development of the 50 MW Tulu Moyo Geothermal Power Plant project in Ethiopia.
Total pursues divestment of non-core assets in Sierra Leone and Liberia
09-05-2020 | 15:56:52
In line with its strategy of actively managing its asset portfolio and its objective to divest $5 billion on years 2019-2020, Total is pursuing the divestments of several non-core assets.
Climate smart agriculture project invests € 2 million in East Africa
09-05-2020 | 13:04:10
The Climate Resilient Agribusiness for Tomorrow project has co-invested € 2 million in grants to 14 private sector companies working in agriculture value chains in Kenya, Tanzania and Uganda.
Netflix celebrates Africa month with Made in Africa collection
09-05-2020 | 11:10:00
Netflix has announced the introduction of a Made in Africa collection - a curated list of African series, films and documentaries - to celebrate Africa Month.
Todd Ashton appointed Ericsson’s Vice President and Head of South and East Africa operations
09-05-2020 | 06:37:27
Ericsson has appointed Todd Ashton as the Vice President and Head of Ericsson South & East Africa within Market Area Middle East and Africa.
Air Mauritius resumes commercial cargo flights in select destinations
09-05-2020 | 06:34:00
Air Mauritius has resumed commercial cargo operations to and from some designated destinations.
Airtel Africa picks Vubiquity as premium content supplier
09-05-2020 | 06:31:00
Vubiquity has announced that it will become a premium content supplier and exclusive content curator for Airtel Africa.
Olam receives $176 million funding to bolster agribusiness operations
09-05-2020 | 06:28:00
Olam International and its wholly owned subsidiary, Olam Treasury Pte. Ltd., have secured multi-tranche financing facilities aggregating $176 million.
Government, international players drive Djibouti’s insurance market
08-05-2020 | 18:07:00
The Djibouti insurance sector is expected to grow at a considerable pace in coming years owing to the improving socio-economic growth of the country.
Moody's downgrades Kenya credit rating to negative
08-05-2020 | 16:08:00
Moody's Investors Service, has changed the outlook on the Government of Kenya's ratings to negative from stable.
Vendekin Technologies and Marshal expand virtual commerce in MENA
08-05-2020 | 16:06:00
Vendekin Technologies and Marshal have entered into a partnership to expand the 'V-Commerce' ecosystem in Middle East and Africa.
[South Africa] Vantage Capital exits Vumatel
08-05-2020 | 11:08:00
Vantage Capital, Africa’s largest mezzanine debt fund manager, announced that it has fully exited its investment in Vumatel, the largest fibre-to-the-home network provider in South Africa.
[Ghana] EU, partners invest in green businesses targeting 5,000 beneficiaries
08-05-2020 | 11:03:00
The European Union (EU) and partners are collaborating to create jobs for at least 5,000 people in Ghana.
Ecobank partners with Google to help children study online
08-05-2020 | 05:36:00
Ecobank Group is leveraging its distribution and partner networks to raise awareness of literacy apps in the Google Play Store to support the education of children who are at home due to the COVID-19 pandemic.
African Energy Chamber commits to equal pay and opportunities for women in energy
08-05-2020 | 05:33:00
The African Energy Chamber has become a signatory to the Equal by 30 Campaign which calls for equal pay, equal leadership and equal opportunities for women in the clean energy sector by 2030.
[Column] NJ Ayuk: How Africa can make a comeback from the oil and gas downturn
07-05-2020 | 18:41:05
Stunning drops in crude oil prices—the result of COVID-19-related declines in demand and an oil price war between Saudi Arabia and Russia—have been taking their toll around the globe this spring.
Network Airline Management renews aircraft contract with TAAG Angola Airlines
07-05-2020 | 18:38:00
Network Airline Management and TAAG Angola Airlines have renewed their long-term B747-400F aircraft contract by an additional 12 months.
Asoko Insight extends digital dealroom platform with UK’s Department for International Trade
07-05-2020 | 16:09:41
Asoko Insight has announced that the deal origination platform will continue to match UK investors and businesses to fund-seeking African corporates for a further six months.
[Kenya] Silafrica launches the first smart crates in Africa for Twiga Foods
07-05-2020 | 13:55:00
Silafrica has announced it is introducing the Smart Crate Technology for Twiga Foods, a Kenyan company.
Sudan’s telecom infrastructure bolstered by fibre optic connectivity, report
07-05-2020 | 13:50:00
Sudan’s national fibre optic backbone and international fibre connections have placed its telecommunication infrastructure among the regional frontrunners.
Restrictions on cross border movement affecting seed supply chain, COMESA
07-05-2020 | 08:47:00
Restrictions on cross border movement imposed in response to the Coronavirus pandemic by countries in the region, have adversely affected the supply of seeds which may lead to food insecurity.
Global food prices drop in April, FAO Index
07-05-2020 | 08:31:00
World food commodity prices declined for the third month in a row during April, as the economic and logistical impacts of the COVID-19 pandemic resulted in significant contractions in demand for many commodities.
COVID-19 knocks tax revenue performance in South Africa
07-05-2020 | 06:20:00
The South African Revenue Service says the country’s tax and revenue performance has taken a knock as a result of an ailing economy compounded by the COVID-19 pandemic.
[Tanzania] Mastercard partners with EYWA, NMB Bank to digitize transport transactions
07-05-2020 | 06:13:00
Mastercard has partnered with transportation solutions provider EYWA and leading financial institution NMB Bank to launch the EYWA Transit Solution in Tanzania.
Fibre-connectivity provider DFA receives license to operate in Zimbabwe
07-05-2020 | 06:11:00
DFA has become the first telecommunications provider in 10 years to be granted an operating licence by the Postal and Telecommunication Regulatory Authority of Zimbabwe.
Africa’s grain market grows on production and consumption changes, report
07-05-2020 | 06:01:00
Grain market in Africa is continuing to exude a bullish performance according to a report by IndexBox, citing that the revenue in 2018 amounted to $109 billion.